Lt Finance

Showing of 1 - 20 from 17 results
Lt Finance - Total results - 17
CG Power imbroglio: Gautam Thapar cites board approvals; rejects allegations of fund misuse amid governance lapses
Business

CG Power imbroglio: Gautam Thapar cites board approvals; rejects allegations of fund misuse amid governance lapses

Currently, Thapar owns just 8,574 shares in CG Power. Some of its large non-promoter shareholders are HDFC Mutual Fund and Aditya Birla Mutual Fund.

IIFL set to snap up L&T Finance's wealth management arm for Rs 250 cr, deal likely early next week
Business

IIFL set to snap up L&T Finance's wealth management arm for Rs 250 cr, deal likely early next week

As part of its strategy to exit non-core businesses, L&T Finance is selling its wealth management arm to IIFL Group for around Rs 250 crore and the deal is set to be inked early next week, say three people aware of the development

Anil Ambani-led Reliance Power asks Sebi to immediately ban Edelweiss Group from capital markets
Business

Anil Ambani-led Reliance Power asks Sebi to immediately ban Edelweiss Group from capital markets

Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging "illegal and market disruptive activities" to cause a steep plunge in the company's share price

Anil Ambani-led Reliance Group says illegal action by L&T, Edelweiss entities caused fall in market capitalisation
Business

Anil Ambani-led Reliance Group says illegal action by L&T, Edelweiss entities caused fall in market capitalisation

Anil Ambani-led Reliance Group on Friday accused L&T and Edelweiss entities of 'illegal' and 'motivated' actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value

RBI MPC meet today: Central bank may change stance, inch towards rate cut in April as inflation eases
Business

RBI MPC meet today: Central bank may change stance, inch towards rate cut in April as inflation eases

A softer stance would bode well for Prime Minister Narendra Modi’s government, which wants to boost lending and lift growth as it faces elections by May

Four fund houses in talks for mergers in Rs 15 lakh cr mutual fund industry, say experts
Business

Four fund houses in talks for mergers in Rs 15 lakh cr mutual fund industry, say experts

Total asset base of the Indian mutual fund business crossed Rs 15 lakh crore last month, although the industry is highly scattered with 42 active players with most of them having small businesses.

On-tap bank licence: RBI looks to tap NBFCs in growth push but not many will bite the bait
Business

On-tap bank licence: RBI looks to tap NBFCs in growth push but not many will bite the bait

Not many NBFCs are likely to convert into banks given the stringent guidelines and statutory norms, say analysts

Snapdeal to help sellers get loans worth Rs 1,000 cr by Mar'16
Business

Snapdeal to help sellers get loans worth Rs 1,000 cr by Mar'16

Launched in August last year, Capital Assist helps sellers meet their working capital requirement as they scale their businesses on the Snapdeal marketplace platform.

L&T Finance Cashes In Big Returns With BPM
Biztech

L&T Finance Cashes In Big Returns With BPM

For rapid business expansion at controlled costs, L&T Finance the company decided to centralise its retail loan processing.

L&T Finance to buy 50% in Future's life insurance JV for Rs 600 cr
Business

L&T Finance to buy 50% in Future's life insurance JV for Rs 600 cr

his deal is part of Future Group's strategy to cut down its mounting debt and focus on the organised retail sector. Cash generated from the deal will go towards retiring debt.

India to let corporates into banking despite concerns over risky loans
Economy

India to let corporates into banking despite concerns over risky loans

Opponents of the new measures worry the reform, driven by the finance ministry, could backfire if risky loans from one branch of a company to another go bad and trigger a broader crisis.

 L&T Finance exits Federal Bank by selling 5% stake
Investing

L&T Finance exits Federal Bank by selling 5% stake

L&T Finance today sold its entire 4.67 percent stake in private sector lender Federal Bank for about Rs 363 crore.

Federal Bank falls 3% after L&T Finance sells stake in co
Investing

Federal Bank falls 3% after L&T Finance sells stake in co

Shares in private sector lender Federal Bank fell 2.5 percent after L&T Finance Holdings sold 7.99 million shares in the bank at an average price of Rs 453.37.

L&T Finance buys NBFC FamilyCredit for Rs 120 cr
Business

L&T Finance buys NBFC FamilyCredit for Rs 120 cr

The acquisition will consolidate L&T Finance's presence in auto financing business in India as FamilyCredit Ltd is a non-banking finance company with presence across two-wheeler and auto-financing

Newgen Implements BPM Solution At L&T Finance
Biztech

Newgen Implements BPM Solution At L&T Finance

The solutions helps support rapid branch roll-out, deliver uniform user experience and enhance operational agility.

India Inc winners and losers of Budget 2012
Business

India Inc winners and losers of Budget 2012

Here's why gold loan companies, oil explorers and power gear makers are the biggest losers, while airlines, road developers and fertilisers are the biggest gainers .

Cranes Software Bags BR.net Order From L&T Finance
Biztech

Cranes Software Bags BR.net Order From L&T Finance

L&T Finance identified microfinance as yet another opportunity and selected BR.net for its microfinance operations initiative.